Yes, Virginia, You Too Can Be Rich - A Guide for New Female Investors

The first instinct for most people when they are attempting to come up with cash is to cut expenses. Going back to the example of my friend who is a flight attendant, the notion of saving $33,000 per year would be almost inconceivable if you viewed it in the context of your existing income. While coupon clipping certainly has its place and is an easy way to improve your disposal cash levels, an even easier way to generate investment capital is to expand the income pie by taking on jobs and sources of income that are not dependent upon the number of hours worked. Some traditional examples are real estate broker, author, door-to-door cosmetic salesperson, or entrepreneur.

By dedicating the cash from these secondary sources to your portfolio, you can continue to live a comfortable life on your primary salary. To the outside world, nothing will have to change – no cutting the heat in the winter or patching your clothes. Even better, your primary job is likely to provide you with the benefits and retirement matching you wouldn’t get from your more proprietary endeavors.